So, thanks to you folks I have lots of work to do--grading papers :) Which means, it is only fair that I return the favor and make you work as well, eh!
The chapters you read (you have read them already, right?) this week deal with the dynamics that provided the take-off for containerization in trade and transportation. To large extent, that is how any new idea diffuses through the economy and geography. There is a phase of early adoption, and then a steep take-off, and then a leveling off.
The graphic on the left, which I have "borrowed," shows how typically an innovation is adopted. In modern times, it seems like the take-off portion is getting steeper and steeper. We used to marvel at how rapidly the VCR found its way into households. But,the diffusion of the internet into households was even more rapid. The adoption of cell phones has been even more rapid--the take-off is near vertical--particularly across the planet.
In the case of containerization, Levinson discusses the take-off after all the years of various entities working on various details--from standardizing the dimensions of the box, to making sure that it can work across the different modes (ships, trains, trucks.) And we notice that there was extensive government involvement in this otherwise a private sector market activity.
So, ok, here is your task:
Think through the details of the private sector involvement and the role of the government in the diffusion of this innovation, and provide your insights. Remember that you responses ought to have a lot more detail in them as opposed to the previous ones because of the logic that we have been picking up "knowledge" since day one and ought to be way wiser now compared to day one.
Let me know if this is not clear, and if I need to provide additional information.
Address Change
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As in I am moving over to Substack.
You will find my new posts at ksriram.substack.com/
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3 years ago